Nasdaq leads S&P 500, Dow Jones as severely out-of-favor stocks get some love [Seeking Alpha]
DISH Network Corporation - Class A (DISH)
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Source: Seeking Alpha
Nasdaq leads S&P 500, Dow Jones as severely out-of-favor stocks get some loveMay 12, 2022 11:51 AM ETBy:Kim KhanSA News Editor14 CommentsAlex Potemkin/iStock Unreleased via Getty ImagesThe stock market action is volatile Thursday with not so much a buy-the-dipmove as buy-the-decimated.The Nasdaq (COMP.IND+0.4%SP500-0.3%DJI-0.6%Names that have plunged from highs like Carvana, Coinbase and Peloton are sporting double-digit percentage gains. Meme stocks are also jumping.Just two of 11 S&P sectors are higher. Consumer Discretionary is on top with Etsy, the biggest 2022 decliner, leading. Communication Services is also up, helped by hard-hit Dish Network and Netflix.Rates fell a little further after April's PPI rose 0.5% as expected and the core rate rose 0.4%,lower than forecasts.The 10-year Treasury yield is off 7 basis points to 2.85%. The 2-year is down 5 basis points to 2.58%."A surprise 0.5% drop in the trade services component, which measures retail and wholesale margins, constraine
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